A dedicated internal team, which holds the responsibility of monitoring the implementation of our ESG strategy and associated actions.
BlackFin became a signatory to United Nations’ Principles for Responsible Investment (UN-PRI) in 2015. We annually engage in PRI reporting to provide stakeholders with visibility on our responsible investment practices and sustainability progress.
In 2021, we joined the Initiative Climat International (iCI), a PRI-endorsed global community of investors who seek to better understand and manage the risks associated with climate change. The iCI is a global sharing platform which brings together and mobilizes private equity firms wishing to make a concrete contribution to the fight against climate change.
BlackFin is a member of Invest Europe, the association representing Europe’s private equity, venture capital, and infrastructure sectors, as well as their investors. Invest Europe plays an import role in building awareness of the industry and helps create healthy and sustainable companies across the continent.
BlackFin is a member of France Invest’s network, which encourages the implementation of sustainability within the private equity industry.
In 2022, we joined Level 20, an association that aims to promote gender diversity in the private equity industry. Among other objectives, members commit to reach the 20% target of women in at all levels of seniority.
In 2022 we joined Out Investors, a network dedicated to making the direct investment industry more welcoming for the LGBT+ community.
BlackFin Capital Partners has adopted a responsible investor approach by including Environmental, Social and Governance (ESG) criteria both in its investment process and the monitoring of its investments. The integration of sustainability risks pursuant to Article 3 of Regulation (EU) 2019/2088 and the transparency on remuneration policies pursuant to Article 5 are described in the ESG policy accessible below.
BlackFin Capital Partners adapted its ESG approach to the specificities of the financial services sector, subject to strong regulatory requirements. BlackFin Capital Partners believes that including Environmental, Social and Governance (ESG) criteria accordingly in its investment strategy brings additional value to companies’ performance.
As proof of this commitment, BlackFin is a signatory of the UN-PRI (United Nation Principles for Responsible Investment) and defined its own ESG policy and published its ESG charter (downloadable below). BlackFin is also assisted in the definition and implementation of its ESG strategy by external consultants, PwC Sustainability.
BlackFin’s ESG process covers the identification of ESG and sustainability impacts at investment and the ongoing monitoring of impacts through the reporting of ESG indicators defined by BlackFin throughout the holding phase for portfolio companies.
BlackFin monitors ESG data covering various HR, environmental and governance criteria. BlackFin will review the PAIs (Principal Adverse Impacts) as defined by the draft Regulatory Technical Standard to consider their inclusion in the current framework for the evaluation of sustainability factors.